Independent MP Allegra Spender represents the country’s richest electorate but believes the tax system unfairly advantages wealthier Australians over working people. Australia should look at increasing consumption taxes like the GST and reducing tax concessions, while cutting income tax, to tackle intergenerational inequality, she told the...
From 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages. On 2 May 2023 the Australian Government announced that from 1 July 2026, employers will be required to pay their employees’ super guarantee (SG) at the...
As the festive season approaches, you may be thinking of hiring new employees to help with your business. Here are some key things to remember when it comes to your tax and super obligations. Withhold the right amount of tax As an employer, you’ll need to make sure...
Labor has defended its economic track record as sluggish growth is expected for the Australian economy, while unemployment is likely to climb. Treasurer Jim Chalmers will meet with world counterparts in Washington as the International Monetary Fund flags protectionist trade policies and commodity price shocks as...
A homeless person could have an extra meal every day for more than two years, under proposed tax changes to motivate businesses to donate more food and cut waste. Foodbank chief executive Brianna Casey says under the current rules, the tax system treats donating food no...
Repealing nuclear bans and drafting new environmental, safety and technical guidelines are expected to blow the opposition’s nuclear timeline. Australian Energy Regulator chair Clare Savage confirmed to a federal inquiry on Wednesday that Australia would be “looking at eight to 10 years for the regulatory framework...
Families may have to pay more for childcare as large, for-profit providers dominate the early education sector. The federal government has proposed a host of reforms that will give workers a 15 per cent wage rise over two years, with the Commonwealth covering the cost for...
Surging sea levels could cost the Victorian economy as much as a COVID lockdown every two years, an inquiry has been told. Homes, farms, industrial infrastructure and conservation reserves were all at risk from coastal erosion, king tides and inundation, according to a multi-university report tabled...
Tax cuts don’t appear to be fuelling shopping sprees, with transaction data suggesting extra take-home pay is going towards staples and paying down debt. Footy finals were the only bright spot in an otherwise glum September for spending, with recreation recording the only rise in a...
Happiness and success are deeply intertwined but aren’t always the result of material gains or high-status positions. Instead, a fulfilling life and career stem from aligning your values, passions, and actions in ways that promote well-being and personal growth. 1. Define Your Success Success means different things to...